melissa: i am melissa francis. lori: i am lori rothman. investors not really sure where to go after wrapping up the worst week for stocks in nearly five months. the fiscal cliff on everybody's mind. we will parse their earnings report for any kind of hint of what is ahead. melissa: should republicans just give in on president obama's plan that taxes go up on $250,000. the surprising word from a leading conservative commentator coming up. stephen moore joins us on his conversation with tough talking senate majority leader mitch connell. lori: this is kuwait. proving that is chump change. change that you find in the couch. it makes the golden globe. melissa: time for stocks now as

we do every 15 minutes. nicole petallides is standing by. nicole: we have gone over that unchanged lines throughout the day. the dow is moving higher as are both the nasdaq composite and s&p 500. do not forget last week we saw heavy selling 300-point down days. it was the worst week in a month. it showed some conviction to the selling after the election was complete. right at the top of the show, you talked about the fiscal cliff. there certainly is that feeling. we have seen selling of dividends, utilities and telecom throughout last week. you do see some arrows across the board without arrows. jefferies stepping in. by the rest of the investment bank.

sharon williams making an acquisition for 2.3 billion. when you think about pain and stuff. then there is titanium metal. $2.9 billion deal. this really is evidence of merger monday on wall street. lori: the white house is going public this week on its search for support of tax hike help. rich aronson, where are we? rich: we are getting there. meeting with leaders of tomorrow on the white house. they refused to say which business leaders are stopping by. all leading up to the meeting on friday. john boehner, harry reid, mitch mcconnell, the same group last year. since that meeting, republicans have been discussing revenue

increases. democrats want tax rate increases. republicans say there are other ways to get there like curbing tax deductions. >> this whole notion of capital gains and dividend taxes is really an explicit to pension funds and the ability of moms and pops that are out there to have income producing small capital investments. rich: the president's budget increases the top tax rate from 15 to 20%. meeting friday at the white house. back to you. lori: we know you will be there, rich. thank you. melissa: the president calling on congressional leaders to work together. congress has a voter mandate not to raise taxes. joining us now is steve moore from the "wall street journal." thank you for hopping on the phone to talk to us.

i am really interested in the interview that you did. he said over the weekend "let me put it very clearly, i am not willing to turn off taxes for the sequester." >> one of the things that came through in my interview with mitch mcconnell is there is no love lost between these guys. there are some real raw feelings. mitch mcconnell was very frustrated by what happened in the last round of negotiations. that happened back in late 2011. which is, by the way, why we reached this fiscal cliff because they could not reach a deal. i think what came out oo that conversation was two things, one, republicans are suspicious and getting behind closed door meetings with the president because they do not quite frankly trust him and, two, they really do feel quite strongly about raising tax rates.

we will not raise the rates because we honestly believe this will hurt the economy. by the way, you heard speaker boehner make that same statement earlier. melissa: what was your impression, i mean, i'm talking with him one-on-one? >> one of the things i get annoyed at is the idea that somehow the spending cuts, the automatic spending cuts will hurt the economy. i do not believe that. melissa: why? why do you not believe that? >> i do not think so. wall street has tumbled so much in the last week and that does not have anything to do with the spending cuts. we knew they were coming from the last year. melissa: it has to do with raising taxes. if you cut spending all of a sudden, how would that not hurt the economy? >> i went to the last five or six times in the last 100 years

but we actually cut spending, it does not happen very often, as you know, melissa, and washington. if you cut spending, you make more money available to the private sector. by the way, the attitude that cutting private spending will hurt the economy, increasing government spending would reduce unemployment. that did not work out so well. i think those are two entirely separate negotiations. what do we do about the spending issue, and, as you know, republicans are wary of the defense cuts. melissa: steve, give me your bottom line. >> it is always easy to predict, melissa, when it comes to washington politicians that they will punt. that is always the easy prediction. that is probably what will

happen. they will not do the spending cuts even though i probably think they should. you get the real knockdown drag out that could drag on for many months. the president could just say, okay, we will not do any of the tax cut this year. we will go into 2013 with americans facing higher taxes and take their case to the people. he sounded very combated himself when he gave his press conference on friday. melissa: steve moore, thank you very much. and lot of interesting stuff there. >> have a great day. lori: mark your calendars. research in motion, finally took larry a launch date for the newest version, a blackberry ten. melissa: move over saudia arabia. in just five years, there may be a new oil paint. first, take a look at oil as we

head out to break. ♪

lori: it is time to make money with charles payne. he has a stock dreaming of profits. rich: charles: taking a look at dreamworks. kind of caught my eye after that star wars.

i thought it was a lot of money. a lot of people think it is a good deal for disney. the last few star wars movies in my mind were terrible. this industry and evaluation. what interests me is the valuation. it is about 4.9 billion at the box office. dreamworks their worldwide box office has been 10 billion, but they have had a lot more movies. it is sort of comparable in some ways. it does bring us to some problems they have had recently. they put out or movies. not necessarily a big bang for the buck. shrek is kind of old. melissa: i do not think you could squeeze another shrek out of that franchise. i was forced to watch that last one a couple times. there is nothing left. charles: rise of the guardians

is getting a lot of bus. madagascar three did very well. they make 50 million from their libraries. that brought more money than "post-- this used to be a bigger stock. seems like they may be getting their act together. now we know that it seems like it would be much higher than where the stock is right now. what do you think about harrison ford? charles: when i read that, i fell out of my chair. he has a stipulation where we must watch him eat. he is always chewing. [talking over each other] he is always somewhere in the movie you must have to show me

eating. please, do not eat. melissa: that is a fascinating point. always illuminating. it is a next target. a new report shows the u.s. will overtake saudia arabia as the world's top oil producer by 2017. phil flynn is in the pits at the cme. a lot of people getting hot on this idea. >> i have been hot on it for some time. i know there are some people that are already, you know, saying that it can happen. they are concerned that some of the production is already in decline. i am not buying it. you know, i will tell you another reason, i believe in the power of markets. if you go back to the history of energy from day one today too, they are always running out of

something. prices got high enough that we figured out a way to get more. i am very excited about it. i think it is great for the economy. it will be a boom for the next ten-25 years. lori: hasn't found a bottom, do you think? >> i think it depends on europe. that seems to be the mover of every headline we get out of there. we are not sure if we have to test the 70s first oracle backup. there is a lot of economic uncertainty right now. it is the weakest demand of the year. i think if we get some clarity on that, though bowles will be coming back and oil. melissa: thank you so much. lori: reminding us that we found some support levels. it looks like the markets are getting some contraction to the

upside. the dow up 40 points. let's go back to nicole petallides to update us now on the drivers. nicole: we are seeing the markets take off. sessions highlight in this 1:00 p.m. hour. the market is really beginning to pick up some steam. all three of our major markets are getting good averages. you are seeing names picking up steam to the upside. i want to take a look at two names that are certainly hoover's today. the first is research in motion. the big launch date for blackberry ten will be january 30, 2000. market in your calendars. we also do not know when it will actually hit the stores. it is a long awaited product. then how about best buy. naming a new chief financial officer who came over from

williams-sonoma. a real turnaround expert. a lot of weight put in her hands as well. back to you. lori: thank you so much. melissa: jeffries selling out to a bigger player. charlie gasparino told you it was coming. lori: stocks quiet. not a lot of drivers. you can see the dollar, a little bit of change. 1.27 is the exchange rate with the euro. we will be back right after this. ♪

>> 21 minutes past the hour. i have your fox news today. new details emerging now that forced david petraeus to quit. fox news has learned that the fbi is investigating whether the mattress revealed classified information she only had because

of her relationship between petraeus. that sensitive information may contradict information he presented on benghazi. a house exploded in indianapolis killing two people this last weekend. a faulty furnace could be the cause. the deafening explosion forcing 200 people from the area. police in boulder, colorado, charged a student wwth five counts of menacing after he wore a joker mask inside a movie theater. moviegoers started to flee. those are your news headlines. back to melissa. melissa: thank you very much. we do have some breaking news. lori: the u.s. judge rejecting deutsche bank's. to -- deutsche bank had been sued over losses of 14.2 million

losses. they are still on the hulk or at least being accused of their role related to those steep losses. melissa: merging with conglomerate leucadia. did i say that right? the firm was shopping for a buyer. what does that say about the future of the banking service kohls charlie gasparino. charlie: we will get into the jeffries thing. cbs, united health, travelers, moving to a new trading system. i will not get too much into the weeds. as they moved to this new system, they basically have a

trading glitch. they are trading at other exchanges. that is the beauty that we have would have competition among various competition. you can sell it and obviously people are selling it. it is down today along with the others. if anyone heard they cannot sell their shares, they can. suzanne has this been in the works for a long time? charles: yes. they call it embarrassing at the stock exchange. last year at this time, mf global blew up. there was a report about jeffries. jeffries held some of the same exposure to sour the european debt. jeffries denied that. jeffries put out a lot of research. there was a run on jeffries.

they put out a lot of research showing they have this whole thing hedged in they are not like mf global. the global is its own story. nothing can be as bad as that. shares recovered a little bit. they saw the writing on the wall about their future. they began, at that point, a very slow process to essentially sell themselves. they found a buyee. people described as a mini berkshire. what does that mean for banking quixotic here is the thing, i think this says something about what will go forward. this is an environment, the dodd-frank, the market sentiment that demands capital. they do trading. they will have issues. what does this mean for the big wall street firms, if you look at the smallest, it is warm and

stanley. this is a firm to watch. i really respect james gorman. a great guy. they still have a capital markets arm. this is what i think will go on at morgan stanley. they will shrink that. they were talking about selling various trading components. i think there is no dow that that will happen did they are the smallest of the wall street players. whenever you hear something about the market, that trading are still there and so taking risk, people sell the stock. you have to worry about people lending you money. watch work and stanley going forward. see how much they adopt the brokerage model. if they stay in the middle here, they will have problems. lori: are you forecasting a breakup for morgan stanley? charlie: they will get out of certain risk-taking circumstances. my gut is, they fell.

unloading capital markets. i do not think they will do the whole capital market, but the commodity business. i can see them doing some sort of way to free up their balance sheets. if you want to stay in this business, it is purely difficult unless you are purely a pastor. you do not do much. it is very hard right now. very hard to exist in this environment. now that you have four more years of president obama, -- melissa: smaller is better. caesar did you will not get a relaxation of dodd-frank. higher taxes, smaller paychecks. get used to it. lori: there are renewed worries about what is coming around the next quarter. melissa: just how negative is

that negative guidance? we have what you need to know. ♪ all eyes, right here.

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mercedes-benz dealer. so, which supeast 4g lte service would yooose, based onhis chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, doeshat make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the form altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. melissa: welcome back. time for stocks as we do every fifth teempb minutes. -- 15 minutes. nicole petallides at the floor of the new york stock exchange. dow at high for the day. >> morr than 20 dow components with green arrows. so lots of up arrows. bank of america, for example, the banking index is doing well. names like microsoft and hewlett-packard are still weighing on the dow.

those are tech stocks weighing on the dow. i want to look at a couple of dow components. though they have turned into the green, it's a big picture story for both caterpillar and johnson & johnson. so let's start off with caterpillar. jpmorgan cut caterpillar today to neutral from overweight and the new price target have 90 bucks, from 109. the thing to note, to put it into context, jpmorgan had an overweight on caterpillar since way back in 2009. they say lower spending from mining companies and the outcome of the election are reasons for this downgrade. johnson & johnson, well jeffreys cut it to a hold from a buy and price target to 70 bucks from 78. lori: thank you, nicole as always. this weeks marks the final push of third quarter earnings season. a flurry of negative guidance for the fourth quarter is raising concerns about economic growth, more concerns. joining me is christine short, senior manager of global markets intelligence for.

christine, welcome to you. >> thank you. lori: third quarter is winding down. while we were expecting a decline it wasn't the bloodbath a lot of people were expecting. what happened? >> it has come back up. at one point woe were negative growth and that continues throughout most of the season. we saw a lot of companies coming in beating estimates. captial iq estimate is 2.3%. not spectacular but nice to see we're on the positive side of things rather than negative. lori: let's talk about the culture of earnings reporting. it seems like a big tease among corporate america, right? they lowered the bar, and put it so low even if it comes in bad it is not as bad as you feared so you're relieved or happy. kind of like, how do you look at earnings and make smart investment decisions when you know forecasting will not happen anyway? >> you're right. we see companies guide. they tend to guide lower when we get to earnings season of the analysts draw down their earnings and companies beating and surprising. everyone is happy and stoke get as pop.

you have to look at those and determine how much they're beating by. i think that is one metric that we go by. if it is a penny or two we tend to think companies purposely they lower the estimates. really based on the surprise and how much they surprise by. we look at revenue. many companies missed revenue targets this quarter that has become a big concern last few quarters only 39% of companies beating revenue estimates. lori: combine the conversations on earnings growth versus the political climate. are you seeing companies behave with the way they're spending money because of what is coming around the bend with the political landscape, fiscal cliff and potential for higher taxes and health care, all that jazz? >> i think all those things make 2013 outlook too hard to predict. we don't know what is happening with the fiscal cliff. until we know what the decision is, companies are very uncertain going into 2013. that inevitably will have a large impact. right now we're seeing analysts draw down 2013 estimates at a greater

degree than they have all year. that is certainly concerning. looking back at the beginning of the year we were expecting 2013 the return to double-digit earnings. we're not longer seeing that. first half seeing low single-digit earnings. if you pair that with one to 2% gdp in 2012, we think that may continue into 2013 if the climate stays the same. we're looking lower earnings per share numbers. meaning we could see little or no growth throughout 2013. lori: it is amazing because as an analyst you're changing your forecasts more? such a volatile climate? >> we take guidance from what companies are saying. we've seen more negative guidance. what is more concerning we haven't seen that much guidance. 75 companies out of 453 that have reported giving any sort of fourth quarter earnings guidance. that is only. 16, 17%. typically we see 22, 23% of companies giving any sort of guidance. to me that says companies

are so uncertain they're giving very negative guidance or choosing not to give guidance at all. lori: bottom line are companies preparing for a recession? when you look at earnings reports and break apart the balance sheet and lay out all the different scenarios if the economy slides off the fiscal cliff, cbo warns it could fall back into negative recession, two consecutive quarters of negative economic growth. >> companies are not saying they're lowering guidance for revenues and earnings. we're prepared, it is a difficult climate out there. we're prepared for 2013 to be not as great as expected. lori: christine short, thanks so much for your analysis. that was a great walk in to the interview. nobody does it better. melissa: businesses big and small were complaining before the election about the costs of president obama's health care plan. now that the president has been reelected how will employers be dealing with all this? adam shapiro is covering the story and joins us now. adam, what are you finding?

>> depends on what sector of the business world you work in but here's a very simple headline people should pay attention to. the retail and the hospitality industries are lookinn right now at their workforce strategy, how they hire people, who they hire. as a result of obamacare, and it does not look good for people who work part-time. now mercer, they're the benefit consulting group, did a survey of different employers and here's what they found. in the retail hospitality industry 32% of the respondents are actually considering changing the number about of hours their part-time employees work, cutting hours to less than 30 hours a week. remember obamacare has a formula by which if you work more than 30 hours a week you get penalized if you're not provided health care. they're looking cutting health care, you saw the list of industries. then take a look at the cost increases that could be coming down the pike because of obamacare. in the retail hospitality industry, over 40% of the

respondents expect that their health care costs will go up 5%. then you see the other lists. transportation, utilities. they expect it to go up 15%. health care as expected will go up 20%. the takeaway, what you need to remember as we look at video of people who work in industries that are relying on part-time workers, fast-food restaurants like red lobster and olive garden, those kinds of places. if you're a part-time employee, what the mercer study found, one, your hours may be cut if your corporation is looking to fall below the obamacare threshold. but they also would say that the obamacare law creates a disincentive to hire people because of the part-time threshold in hours. back to you. melissa: i mean only logical. adam. thanks so much. >> yep. lori: calls for compromise on the fiscal cliff. we'll get lou dobbs take on that. will lou ever go for raising taxes? no way. melissa: we'll see. we'll see. we'll check out the stunning performance too of homebuilders this past year

but is there still room to run? we'll get today's trade as d.r. horton and buyser home report. we'll be right back. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy inhe u.s., real estate in hong kong, and the optics industry in germany? at t. rowprice, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average.

t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fe and expenses o re and consider carefully before investing. >> i'm robert gray with your fox business brief. apple and htc settled their dispute over patents for various smartphone features. under the deal htc will pay apple an undisclosed amount of licensing fees. the company signed a 10-year

license agreement that will extend current and future patents held by both sides. apple and htc have been locked in a legal battle since march 2010. apple claimed patent infringement by htc phones. soda stream continues to sparkle with several new flavors added to the carbonation system. they entered into a licensing agreement with campbell soup for the v8 fusion brands. right now the dow is up 29 points. and that is the latest from the fox business network, giving you the power to prosper

lori: president obama and the republicans digging in whether tax hikes should be imposed as part of a deal to avoid the fiscal cliff. but there was a shocker on "fox news sunday" as

conservative commentator bill kristol, been a guest on our show. mr. chris stole editor of "the weekly standard", surprised his own party with this statement. >> it won't kill the country if we raise tax as little bit on millionaires. really won't, i don't think. i don't understand why republicans don't take obama's offer. melissa: so he continued asking why the republican party would fall on sword defending bunch of millionaires voted democrat and half would live in hollywood and half are hostile. that part makes sense. i don't agree with the first part but the last part. what do you think, lou? >> i think it is interesting. i haven't talked to kristol since i made the comments. a, i don't know any republican who is ready to fall on their sword if they do possess such things. secondly, i don't know what the obama offer was that he is so eager to have the republicans accept. peculiar. i thought it was also fun that bill kristol decided he didn't see any harm in

millionaires paying a little more in taxes but he didn't want anybody to kill them for saying so. sort of defending himself at the same time he was uttering it. you know, the fact of the matter is kristol makes sort of an interesting point as long as you don't pay attention to the fact there is no obama offer. taxes are not the issue. it is revenue in this instance because that is all the republicans are proffered. that is to move away from corporate welfare. eliminate tax expenditures and loopholes and to make an adjustment if necessary or if that becomes the consensus of the republican party. i don't think anybody is call that crazed about it myself. lori: what are your thoughts on the house speaker's comment in favor of revenue, not increasing tax rates? >> i think it is disingenuous on the part of the speaker. when he says revenue we understand in washington speak that means tax expenditures, it means loopholes. that is sort of, you know,

arcane nonsense. and i say arcane nonsense because i truly to believe that arcane nonsense a loophole is a loophole. a subsidy is a subsidy. the fact they're talking about taxes. say it be big boys from the outset. say what you mean. that is all i would ask. melissa: what do you think is the deal that gets done in the end? >> i think the deal in the end, the only deal that i can see politically possible at this point, and it depends upon how intransigent president obama is, how much he is enamored with this idea of a mandate which david axelrod said is pure foolishness initially but now is embraced, but goes on with this, he will find out the house, even though just a merry band of men and women who believe in a certain set of prince pails die haven't ant of his -- principles divergent of his own, can cause him fits. he will need be to a leader.

anything else will end up with history slapping him alongside the head. melissa: what will the deal look like? >> somewhat similar to simpson-bowles. i don't think there is much doubt of that. both parties dismissed it. that right there tells you there is many so good things in it. so we'll see what happens. lori: how at risk is the republican party in its organization with this whole fiscal cliff organization -- negotiation? >> say that again, i'm sorry. lori: characterize if you will how organized and stable the republican party is today. >> i hope that speaker boehner doesn't misunderstand good order to mean the same thing as discipline and correct direction. he is trying to keep the caucus under, you know, under control, and he has got some help in that because the tea party is all but absent here. so, he should have a much easier jobe. what they need, and i agree with bill kristol on this, what they need is fresh ideas, new ideas.

original thinking would be certainly helpful with national interest whether it originates from the democrats to the republicans. taxes are not going to be the solution. the fact we have a spending problem. that has not changed one wit as a result of this election. and the direction of the county trirides on the balance. lori: worth repeating ad nauseum, spending problem. spending problem. >> right. lori: thank you, lou as always. we'll see you every day at this time unless you have a better date. we'll catch your show 7:00 p.m. eastern. melissa: you wouldn't dump us for someone else? no. lori: there are a lot of --. melissa: megyn kelly. lori: stunning and intelligent women around here. >> am i part of this conversation? lori: we'll have the global head of --. melissa: you're all done. quarter to as well. as we do every 15 minutes nicole petallides on the floor floor of the new york stock exchange. nicole, more retailers rolling out black friday

plans. >> that's right. look at target and jcpenney, two names on the move on a day where the market is trying to hold onto names. market up one quarter of one percent. target will open thanksgiving night at 9:00 p.m., right? black friday? they're getting ready on thursday. after you finish your turkey run to target what they're hoping for. they're offering additional deals that start at 4:00 a.m. on black friday, if you're so inclined to get up there for the deals. jcpenney, different from the mantra we heard from ron johnson who came over from apple. said we will not have no sales and great quality all the time that didn't do well. a lot of people were looking for coupons and great sales. jcpenney hitting one low after another. today is no different. this was $87 stock in 2007. they are selling off 10%. they will have over 1,000 stores opening 6:00 a.m. and there will be sales.

lori: they need a lot of sales jcpenney right now. a lot. >> nicole, thank you so much. blowing up the $16 million and darn proud of it. the stunning display that is setting a new world record. ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kid [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, ot commission. they'll get straightforward guidance and be able to focus on other things, like each other,

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melissa: despite being on a tear homebuilders are pulling back today. sandra smith has some details in today's trade.

hey, melissa, hey, lori. if you look red arrows across the board gives you an idea of this tear they have been on. this is the ishares of etf of homebuilders up 70% year-to-date. you have the spdr etf, s&p home building etf up more than 50%. you see the rapid rise we've seen in shares. most have doubled and triple digits some of them. not so much the case today. beazer homes, huge selloff. stock falling 16%, a stock done pretty well. up 15% this year. outperforming the broader market but way underperforming its peers. it missed its profit estimates, guys. look what analysts are saying today. a lot of them changing their tune. fbn securities downgraded to underperform. goldman sachs initiating coverage with $4.25 price target. the stock is at 14. jmp securities initiates coverage with underperform. a lot of analysts have been hot on the home-building stocks they're starting to you know, think otherwise a

little bit with some of them but not d.r. horton, still six out of the 19 analysts that cover d.r. horton still say this stock is a buy. it has been a monster performer so far this year. it was down today. a bit of a disappointment but profits beat estimates. not everything was all bad for d.r. horton. a they cover a lot of markets. their closings were up. new construction was up. stock down sort of in sympathy with the big selloff across the board in home bidders. a lot of home builters, p-e on d.r. horton, just seven. that is why analysts still like the stock even though it has gone up so fast, so far. melissa and lori. lori: doesn't get cheaper than that. thank you. we are facing a fiscal cliff but apparently money to burn or blow up in kuwait. the country spent 16 million bucks on more than 77,000 fireworks set off in the country's capital of kuwait city. the celebration lasted an honor in honor of their

golden jubilee. 50 years today, they became the first arab state to institute a constitution and parliament. that is something to celebrate. it will go in the "guinness book of world records" as largest fireworks display. they are a showoff. melissa: my children would have been terrified. lori: on videotape for posterity. a display like that in this country, a lot of people would be offended. >> not welcome. coming up tonight on "money", former senator evan bayh joins me to discuss if anyone will compromise in congress to deal with the fiscal cliff at 5:00 p.m. eastern here on fox business. even more importantly we have, -- lori rothman on "money.". lori: knew you would say that. melissa: she grave me actually five bucks but don't tell anyone. lori: they said i could talk to you about your book some more. melissa: how nice. lori: so i couldn't resist. tell you it needed more scandal, more gossip. it is a fantastic and fast

read. can't wait to tell more about it, with dennis kneale our other partner in crime. jpmorgan leading a push to hire thousands of american veterans. tracy byrnes speaks to the hid of veterans' affairs and now a marine veteran working at a back, next on fox business. i don't know why that is surprising.

lori: everyone in the newsroom is talking about "sky fall". tracy byrnes is here. no love connection. tracy: literally, no "love connection." you go wishing you were the bond girl and there was none of that for me. >> a little disappointed. >> what did they have left? blowing a lot of stuff up? tracy: dennis kneale and i will fight about later. he thought it was the greatest bond movie ever. >> -- javier bar dem.

tracy: stop it. take it that way, the fiscal cliff is less than 50 days away, the white house making a new push to hike taxes on the most successful americans. will republicans cave? we'll have the very latest ahead. and new york state asking uncle sam for at least $30 billion in federal aid after superstorm sandy. thousands are still without power. it is two weeks later. what the heck! former superintendent of insurance in new york is our guest today. and as we americans salute our veterans, dozens of companies are pledging to hire at least 100,000 vets by 2020. we're going to meet one iraqi veteran who is actually one of the thousands hired by jpmorgan chase. it is a great story. that is ahead. first the top of the hour. sometime for stocks as we do every 15 minutes we head to nicole petallides on the floor of the new york stock exchange. girl, this market is trying to climb its way back but after the worst week in five months. >> that's right.

last week was a tough one. we had a 300 point loss on one of the days. we saw heavy volume with the selling that we saw last week. so as we noted last week was not a good one. we're trying to give it a go and rebound. another another thing to note we're still below the 13,000 mark on the dow jones industrials and below 1400 on the s&p 500. these are levels people keep a close eye on. then they look at next level of support at 1380 and below that, 1360. these are some of the ideas we follow. the vix, the fear index, is down today, tracy. some of the banks that were mixed earlier are trying to give it a go. but drug stocks, for example, that index is back in the red. certainly they're trying to find a footing on wall street on the percent trading day and it is a holiday so light volume. back to you. tracy: very light volume. nicole, we'll see you in 15 minutes. president obama looking to gather support for his tax hikes on the wealthy, meeting with business and

congressional leaders this week all in hopes of course of reducing the deficit. rich edson in washington with the story. rich, everyone wants to know who the wealthy earn is, right? what is the magic number? >> look, right now you have the administration at $250,000 a year. other democrats are saying one million dollars a year. as far as trying to convince people to raise taxes his audience tomorrow needs little convincing. labor and progressive leaders heading to the white house. if anything they want to make their case to the president not to go easy on republicans and insure entitlement changes are off the table. the headline meeting, is friday. house speaker john boehner, minority leader nancy pelosi and senate majority leader harry reid and minority leader mitch mcconnell. they fell short of a debt deal last year. with the election out of the way and democrats controlling the white house and senate republicans say they're willing to compromise, to a point. >> the pathway to move forward as the speaker said is mr. president, lead us now but let's not get into this notion that the only way that we can do this is

by raising taxes on producers and it's not helpful. it document close the budget gap. >> so here are the opening positions. democrats want rates increased. republicans are willing to discuss curbs to deductions and want an overall -- overhaul of the tax system. a process likely to hit full stride next year. they could create an incentive for congress to finish the work like penalty or sequester for each side if they don't finish. sound familiar? update from charlie gasparino who will be at the white house business leaders meeting on wednesday. david ", hon well-ceo, no -- david hon kote from honeywell. tracy: sequester doesn't work. dock their paychecks. that he is what i say. >> super sequester. tracy: super-duper sequester. >> right. tracy: our first guest

expects washington to working is out believe it or not to avoid the fiscal cliff but inevitably he says taxes are going to go up. joining us kaltbaum capital management president, gary kaltbaum, unfortunately his outlook for a rough 2013. gary, you're confident you will figure this out? >> unfortunately totally against all americans. look, whenever you raise taxes it never helps the economy. it always lowered revenues to the treasury. so nothing good will come out of it. and you top that off with what has happened in the economy right now which is kind of blah and earnings and sales not so great either. i think 2013 could get rough. tracy: you know, i get your notes. i love them. you said you think the correction has deepened. market totally oversold. interesting the other day, i thought the market was oversold and will bounce and the president went and spoke and ruined that. do you think this will happen anytime soon? >> right this second i think i started to see a lot of bearishness pick up late

last week. just talking short a term here, the trees not the forest i think we can get a bounce. we've got seasonal strength of thanksgiving and holidays in december. that is why i'm worried in 2013. if you dig deep into earnings an sales last quarter they were pretty much abysmal. a lot of companies sales were down 10% year-over-year. that will not just cut the mustard. i don't see anything changing right now. just remember with all the uncertainty still out there, with the fights between the republicans and democrats, hiring is still not going to get going. the potential of the economy will never be reached. that is why i think it gets tougher going into the new year. tracy: i know you have always been completely against the fed and its little money printing machine, right? so what happens now? >> yeah. tracy: the president is still in place. his theories are still in place. do you think we'll see more liquidity up jobses into this market? >> well, we have already heard they will print $40 billion a month from here to

eternity. tracy: right. >> i happen to think they will add more to that. i think that much of the same. look, the fed knows that they can not affect the economy at this point in time but they also know they can affect the markets. if they can juice markets higher they think people feel wealthier they're apt to spend more. the problem since september 13th on the last announcement the market simply ignored the fed. that is the big worry. i always said for the last two years if the market stops starts to ignore mr. bubble bernanke we're in trouble. help could be on the way, europe, japan, china, you name them, they're all printing money right now. tracy: like the cool thing to do i guess. based on everything we just said you have to put your money somewhere. you can't be out of these equity markets all together. so where are you putting your money? >> i would tell people to be very, very low beta and defensive. low databaseally means not volatile. the big momentum type growth stocks have been absolutely

shelled, absolutely trashed. i would stay away there. i would be looking like at food and beverage and things like that. but i have to tell you can't even be in utilities right now. they're trashing utility stocks over the last couple weeks which by the way is another worrisome sign going into 2013. i think you should have higher cash positions right now and be a little bit more careful. tracy: any stock that gives a dividend right now getting killed. quickly i know you like the hoisting market. is that the little sunlight in this gloom and doom? >> i actually think the housing market is in good shape but i'm starting to not like how the housing stocks are acting. a few too many names are breaking down over last go dice. you had d.r. horton report earnings. it was up early and sold off quickly. i'm not so sure that is a port in storm. longer term housing is in good shape. inventories are under control and profits are expanding. i will look to that when the market does turn again. pay attention to housing. tracy: gary kaltbaum author

of the investors edge. i know it is way warmer down in orlando than it is here. >> yes it is, sorry to tell you that. take care, tracy. tracy: take care, gary. on deck some 3-d printers are under pressure in today's trading. charles payne looks if it is time to buy. jpmorgan working with other companies to hire 100,000 veterans by 2020. the head of its veterans' affairs office is here along with one marine veteran now working for the company. first as we do every day at this time of day let's look how oil is trading, down about 26 cents. $85.81 a barrel. we'll be right back. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong.

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tracy: it is that time of day. time to make money with charles payne and this hour he is doing follow-up on one of his favorite innovations, 3-d printing. what have you got. >> we've been on this. tracy: you've been right. >> i was kind of torn because i feel like we keep going back to the well because there are two of them. strasi -- strattis, ssys. i mentioned july 11th and september 19th. both stocks up huge even though they're getting hit today. i thought it was interesting. you got a chance to see the movie, i didn't. they used 3-d printing in

the new james bond movie. 1960 astin martin, db-5. most people consider the car to be priceless. tracy: i won't say that. i think it was best part of the whole movie. >> they made 11 of these. tracy: car is stunning. >> one-third the size. components the doors work, hoods work, everything was functional. tracy: it was 3-d in the movie. tracy: who would sacrifice the car to have it blown up. >> possibilities continue to be endless and endless and endless. talk about the stocks for a moment. they are up big since the summer. they started talking about them. p like it a lot. one of the proven strategies is buy them on weakness. they're getting hit today. i'm not sure. could be profit-taking. they are volatile and expensive. in fact ddd has a 42% short position. that means wall street are betting at some point these puppies are hit pretty hard. you know happens with hot technology. sometimes the hype comes

ahead of fundamentals. if you didn't buy them ahead don't buy them today but i thought james bond angle was. tracy: as far as the car is concerned. >> i can not wait to go see it. i'm a fantastic james bond fan. tracy: i was sitting next to the giant james bond fan. >> before you go, favorite bond? the latest guy? tracy: no. it is sean connery. >> of course. tracy: of course. that is because i'm old. charles payne, thank you very much. as we do every 15 minutes unfortunately we have to segue off james bond to go down to nicole petallides on the floor of the new york stock exchange. nicole, we've been talking about jeffries deal. an owner with deep pockets, huh? >> this is a big one. talk about based here in new york, offered $3 billion for this deal. leucadia, already owned 28% of jeffries. so it moves forward here. making acquisition of the

rest of the deal. this is $3.6 billion deal. we've seen jeffries's stock today soaring on this news. leucadia on the other hand has been pulling bag. as far as banks overall, banks have been somewhat mixed. right now the banking index is to the upside. jeffries in the financial realm. it is interesting. even though leucadia owned 28% of jeffries, i heard a lot of traders going, what is it called? what is the ticker symbol for leucadia? it is not really a common, thrown around, name here. on wall street as much as jeffries is. so it may came to some surprise they owned almost 30% of the company. back to you. >> big-time. good story. nicole, we'll see you in 15 minutes. it has been two weeks since sandy hit and actually could still be more weeks before some new yorkers get their power back. and god love liz macdonald. she is down there in one of the hardest hit areas of new york, the rockaways. she will have a live report

for us next. let's see how the dollar is of moving against its foreign currencies. euro up against the dollar, look at that. as well as the canadian dollar and the yen all up against our dollar today. we'll be right back. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account toy and discover another reason serious investors are choosing fidelity.

>> at 19 minutes past the hour, hello i'm gregg jarrett with your fox news minute. a source confirming to fox news that the attorney general eric holder was informed late this summer that the fbi had launched a criminal investigation of former cia director david petraeus. the source telling fox lon long-stand policy of the pf -- fbi, to brief congress or white house in the middle of an investigation when not involving a security threat. owner of the house that exploded in indianapolis killing two people this weekend says a faulty furnace could be the cause of the massive blast. the deafening explosion leveling two homes and forcing 200 people from the area. eyewitnesses say at least two dozen homes damaged by flying debris. president obama honoring our veterans for their service at arlington national cemetery, laying a wreath at the tomb of the unknowns. the president saying it is the country's sacred obligation to take care of

those who serve and their families. those are your headlines. now back to tracy. tracy: gregg, thank you very much. we have to most definitely take time to remember our vets today. residents of the rockaways in queens have been without power for two weeks and get this now they're learning they might not actually get it back until after thanksgiving. residents are outraged, outraged? they mouse be livid and worried how they will survive in this part of new york city that now seems like a third world country. liz macdonald, god bless her soul in belle harbor, queens, with the latest. what is going on? is there any help for these people? >> what we're seeing, tracy, when we came in, we saw the national guard working with paramedics to do a door-to-door search and rescue operation to get people out of the homes if they needed medical help. we're seeing people actually removing debris from the streets to urn bp it in their fireplaces. that is how they're keeping warm out of their fireplaces and gas from their stoves.

this is the heart of belle harbor, rockaways. this is the grassroots operation where they are serving 5,000 to 10,000 people a day. they're giving them food, coats. people are lining up to go into the grammar school. on the second floor they're giving out at the time news shots and hepatitis-a shots, when the seven-foot wave came out of the ocean and met the jamaica bay disrupted and brought a lot of sewage. we're with the former fire chief for the new york city fire department. he oversaw rescue and recovery for 9/11. pete, what was the impact of sandy on your family. >> all five of my children lost their homes. >> when about your home? >> got flooded also. >> everybody is okay and we'll rebuild and regroup. >> basically have the kids in florida because this is turning into a construction site, right? >> yes. my one daughter has seven children. i had to relocate her to

florida. >> tracy, chief, come with me. look at this, tracy. this is common throughout the area. these are three formerly brick homes that burned to the ground and also the cars. the situation with lipa, the long island power authority is, what is the deal? how they get the power back on in each home? what is taking so long? >> they have to get the grid up and going. they have to go house by house to make sure wire something properly restored. just about every house the electric panel flood the out and need to be replaced by electricians certified as safe. that will take a long process. it will take a long time before every house is restored. >> this is like a construction site, tracy. saltwaterer in the electrical boxes could cause new fires. are you worried this could last until december, this situation. >> we're not getting any information from lipa when the power will be restored. that is one of the sticking points with neighbors here. we can't get firm answers from lipa when we get power

back on. that leads to great deal of frustration and uncertainty for a lot of people. >> tracy, the red cross showed up to start giving out food. also the national guard, merchant marines, the navy are down here trying to restore the community. it is a can-do community of first-responders and firemen and cops. they don't want to be seen as victims. they don't want to be seen as survivors. they want to be a symbol to the nation they can do it themselves. grassroots operations like st. francis of sales is one of the examples. we'll have live updates throughout the day. back to you, tracy. tracy: people definitely want to know how to help, liz, what do they do? >> what they do, basically go to the saipt francis of sales website. what can they do if people want to help? by the way we have people from tennessee, alabama, mississippi, south carolina, florida. you name it. what can a viewer do to help, pete? >> certainly they can provide financial assistance to help many families get up and going. we've been able to providd,% food, shelter, clothing for

all families in need. right now the need is for financial resources for the people to enable them to get new boilers, heating equipment, back up, electrical equipment to get their homes back in order and their apartments back in order. there is a website. unfortunately i don't have the website available to you. >> we'll get it. >> to the website and make directly donations to there. it is a catholic charity organization that is helping and they have been a great help for people in the area. >> tracy, by the way this is the anniversary for when that jumbo jet crashed two months after 9/11. today is that day. this community has been hit hard. they're trying to fight to get back. back to you, tracy. tracy: lizzie macc, thank you. make sure we get the website up on the fox business website as well. >> you got it. tracy: keep talking about this. man, the cost look like we'll never be able to meet them. sandy on track now to become one of the most expensive hurricanes in history. the superstorm caused an estimated $50 billion in economic damages. up to $20 billion in insured

loss. this according to the disaster modeling firm eqecat. for more on the impact on the insurance industry we're joined by the director of deloitte insurance industry group and former new york state insurance superintendent. sir, you look at that, and you think, oh, my god how will we ever fay for that? you're saying that the property casualty insurers will be fine. >> the industry is very well-capitalized. $20 billion loss is a huge number. to put it in context that is half what katrina was. the industry is well-capitalized. they can handle the $20 billion in insured losses. but as your intro indicated, $20 billion of insured losses is only a piece of it. the total economic damage is much more. of that will be borne by the taxpayer. tracy: so the taxpayer, you're saying will pick up the bill to repair anything federal? things like that, right? explain that. >> the public infrastructure. the bridges, tunnels.

getting the tunnels back up and mta, all of hose types of things that is governmental obligation. it is not insured. so that is ultimately going to be borne by the federal and state governments. i'm sure we'll probably see moves in congress by the congressional leadership of the east coast to do more. another thing, back to the insured losses. when we talk about the $20 billion of insured losses, most of that is personal property and of course businesses, all the company merges insurance that is obligated. the business interruption. tracy: right. >> for those folks who had flood insurance through the national flood insurance program, the nfip, of course flood is not covered under the standard homeowners policy. so they needed flood insurance frrm the federal government. that has been artificially subsidized, tracy for years. the rates are artificially low. the federal government has been doing that. the national flood insurance program is now reaching its borrowing ceiling. there will have to be authorization of additional borrowing.

there will be a move to final raise rates more actually to reflect the real risk. tracy: which means these people will not get the help they need. howard mills, unfortunately we're out of time. all will fall on the taxpayer's shoulders at end of the day. coming up, rising health care costs are forcing many wal-mart workers to opt out of health care coverage all together. let's look at winners and losers on the s&p 500 as we head out to break. dow up 21 points. titanium metals, charles was talking about this earlier, up. jcpenney the big loser today. does anyone shop there? we'll be right back

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tracy: dow's holding on to its gains, 30 minutes past the hour,

so we've got to go back down to nicole petallides on the floor of the new york stock exchange. nicole, what do you guys think is going on? >> reporter: first of all, it's a holiday, right? so you do have lighter volume, but last week you saw, obviously, some serious selling coupled with some volume that supported that selling. now going forward are you looking for certtin levels to step in and buy? i mean, you can't sell forever, you can't have light volume forever. >> we know that the volume's going to be light today. there's a lot of volatility, that's added to our markets. i'm actually happy to see the way the market is reacting today. it's been up, it's been down, but it's really trying to hold on. we've had that selloff, and it comes a question of, well, when do buyers come in, when do they say enough is enough, and we're going to -- >> reporter: yeah, when. >> get back on the bus that we were prior to the election. so today i think we need to discount today. a lot of information coming out this week, fomc, as we get to

the 173, those -- 1373, levels are important. >> reporter: you talk about 1373 for the s&p, right? and here we are right now at 1382. when you say as a time to step in, i mean, everybody was talking about fiscal cliff blues. first it was election blues at least here on wall street to a certain extent, but now everybody's concerned about the fiscal cliff. do we get back into that wait >> that wall of worry's going to be there, the european wall of worry's going to be there. i think we need to focus on the end of the year, some end of year trades that we'll see in our markets, i think we're going to see that's important. historically, the market does run up as we get closer to the end of the year, but first and second quarter of next year there should be some trying times. >> reporter: sometimes referred to as the santa claus rally. thanks, john. back to you, trace. tracy: tomorrow's going to be a big day.

we'll see you in 15 minutes, nicole. breaking news for you now, oil closing down 50 cents at $85.57 a barrel, that's a loss of more than one-half a percent. we mentioned this earlier, reports today from walmart -- the nation's largest private employer -- because of health care premiums some of their 1.4 million employees are actually going to forgo health care coverage altogether. perhaps one of those unintended con -- consequences of president obama's health care law? gerri willis, this is gut wrenching, that these people are going to give up health care? >> well, you can't blame walmart because costs are rising across the board, 60% of employers say they are raising their premiums to workers because, guess what? 3 costs are going up for them, and they can't afford it. they're finding all kinds of ways to get employees to participate in rising costs. you get a break if you have low

blood pressure, for example, or low cholesterol. if you have higher, you pay more. and, of course, walmart here saying, hey, we've got to raise our premiums as much as 38% for some families out there. so you understand why some people will opt not to have coverage. but a lot of this coming directly from obamacare as we saw the prices rise now for two years in a row. we saw it last fall, they went up then too. a lot of employers and a lot of, frankly, health care companies are trying to get in front of obamacare and raise prices before all the bells and whistles of this law go into place. tracy: so talk about double the unintrepidded consequences -- unintended consequences. they're rushed to the emergency room, and the same exact thing happens all over again. >> well, i guess it doubles down on the president's philosophy that we have a lot of people who are without care in this country, and so those are the people that were going to spend government dollars on giving insurance to. i think it creates more problems

than it's solving, obviously, and i've got to tell you, it doesn't get better because there are taxes on companies that make medical devices like stents, so add on one layer of costs, another layer of cost, everything becomes more expensive. one thing i really object to is what they call the independent payment advisory panel which is going to make decisions on what kinds of care are given out, what makes sense, what treatments, what drugs. it's no longer between you and your doctor anymore. uncle sam is sitting right at the table with you making decisions on the basis of cost. tracy: yes, our very own death panel. make sure you watch "the willis report," 6 and 9 p.m. eastern right here on the fox business network. thank you, gerri. all right, so could the end of wonder bread, twinkies and ding dongs be near? say it isn't so. maybe, hostess brands has strikers, they're ot going back

to work. workers on strike, the company totally paralyzed by striking workers who are angry over a company-imposed contract that reportedly cuts wages by 8%, benefits by 30%. the texas-based company has struggled in recent years, entered bankruptcy twice now. the company warned that a weed spread strike -- widespread strike would force the company to liquidate if, quote, we are unable to produce or deliver products. they'd actually lay off most of their 18,000-strong work force. come on! at least you have a job. and we need our twinkies. coming up on the closing bell, dennis kneale will have an exclusive interview with ceo gregory rayburn, so you have to hear what he has to say. you don't want to miss that. all right, and coming up, the biggest debut for james bond film ever. skyfall bringing in eye-popping returns. i was one of them. we'll have those numbers next.

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>> i'm lori rothman with your fox business brief. a u.s. district judge rejects doish bank's request -- deutsche bank's request dismissed. more than $14 billion in risky mortgage debt. investors driving up shares of hertz today, "wall street journal" reporting the car

rental company tentatively agreed to sell some of its airport businesses across the west. here's another way to help the victims of superstorm sandy, donate your unused vacation days. the irs reactivated a benefit allowing workers at participating firms to give up vacation days. the companies will in turn donate the foregone pay to a tax-exempt group. that's the latest from the fox business network, giving you the power to prosper.

tracy: all right. well, businesses big and small complaining before the election about the cost of obamacare. gerri willis was just telling us the story about walmart. now that the president's been reelected, how are they dealing with it? adam shapiro's got this story for us. >> reporter: and there's a lot

of concern that there could be layoffs because of the costs of the health care act or that there could not be people being hired because of it. i want to read you a quote from mercer, a company that is a consultant on health care benefits to companies. and one of their analysts, a guy by the name of matthew stevenson, the principal work force analytics in the sector, he said, and he's quote: rather than lay people off, they -- companies -- will look for ways to move people from full time to part time. why does he think this could happen? take a look from a survey they did of mooe than 1200 employers nationwide. retail and hospitality employees, people who work in industries dependent upon part-time employees are going to take the hardest hit according to mercer. 32 percent of the respondents actually said they're looking at ways to cut hours of employees and use fewer employees who will work less than 30 hours. there's a 30-hour threshold in the obamacare law that leads to

fines of employers should they not provide health care. 32% looking to cut hours, transportation/utilities, 15%, financial services, 13%, you get the idea. now, the cost of obamacare according to respondents in the survey, retail/hospitally, 40% of them expect the cost of health care or for their employees to go up by 5% because of obamacare, and that's on top, by the way, of the 6% it goes up almost every year for everybody. so that's an 11% hit for people in retail/hospitality if those 40% who think it's going up are accurate. tracy, back to you. tracy: adam shapiro, thank you cell you -- shapiro. i've sort of been alluding to this, the latest e edition to the james bond series raking in records. dennis kneale joins us now, i was one of the many. >> and so was i. and it is the biggest opening ever for a james bond film, and we are talking 50 years and 23

flicks. skyfall hauling in almost $90 million over the weekend in the u.s. and clearing the half billion mark worldwide. it opens overseas ten days before, daneing to come to the u.s. scheduled to beat casino royale, it was daniel craig's first bond film, could even be the all-time leader in inflation-adjusted terms. thunderball, really with a great cost, dramatic death of a key character, incredible special effects and way too much torso shots of daniel craig. i saw it on saturday night at an imax theater, and can it was fantastic. tracy? tracy: maybe i saw a different can movie. i think he had his shirt off twice, there was no romance, there was no sex. >> actually, you go see james bond for special effects and killing people. tracy: what happened to shaken, not stirred in no clever lines like that. i just found the whole thing --

>> really? tracy: yes. >> do you not like daniel craig as a rule? >> no, he's a good looking guy, but where was the girl? i wanted a girl. >> the lack of a love interest is big in this because they're focusing on another female character who plays a pivotal role in the show, right? and that would be m, judi dench. tracy: and she was fantastic. >> it was one of the better-acted bond films, would you grant that? tracy: yes, i'll give it to you. >> what'd you think of the stunts? amazing -- tracy: believable? really? >> what about the missing bullet hole? they had this one shot, he shoots him -- tracy: we're giving the movie away. i just, whatever. i was looking for a little more of rated r stuff. >> there you go. [laughter] note to producers. tracy: all right, it's quarter til the hour, we head down to nicole petallides on the floor of the new york stock exchange. girl, did you see the bond movie

before we move on? >> i did not, but if there is no love interest, i am not going. even though daniel craig is cute. tracy: there you go. >> i need some love. tracy: thank you. >> reporter: okay, let's move on. let's talk about facebook. this is a really pump it up, it blew up, and then it sold off. so let's sort of backtrack here a little bit for facebook. shares jumped 19% and had their biggest one-day gain a few weeks ago, three weeks ago, october 24th. they came out with their quarterly results, they beat the street on those numbers. they talked about ad revenue increasing for ads on mobile devices. the stock hit the three-month high of over $24, but since then it has been steadily selling off. and today traded as low as $18.87 but back in the green here now up over 3%. what happened to that big runup? why couldn't it stay at 24? i know that's not 38, but 24 was better than 18, right, or 9.

back to you. tracy: i'm with you, nicole, and i'm telling you, if judi dench is the love interest, rent a kid flick instead. save your money. coming up, helping heroes work dozens of american companies have pledged to hire 100,000 veterans in the next eight years. you're going to meet a marine veteran next who was hired by jpmorgan. before we head off to break, let's take a look at some of today's winners and losers on the nasdaq. up almost 11%, gilead, and green mountain coffee roasters up almost 5%. we'll be right back. [ male announcer ] you are a business pro.

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tracy: all right, despite being on a tear this year, home builders stumbling after mixed earnings. sandra smith has the details in today's trade. what's going on? >> reporter: well, the news has been pretty good for the housing market, and that's had a big rally in the home builders, particularly dr horton which is down big despite reporting profits that beat expectations, the stock tumbling 4%. this is one of the larger home builders by volume. it's up about 57% so far this year, but it's been trying to figure out if they beat profit expectations, revenues were in line with estimates, what the heck is the stock falling for? well, this quote very important coming from the conference call today, the ceo over at dhi saying this, quote: i still don't see a lot of jobs being created, and i also see the fact

there are potential layoffs in a number of industries, especially the defense industry. so tomnitz really warning on the lack of jobs and what that's going to do going forward, so leading to a selloff there. home builders down across the board today, beazer homes, bad news there. a lot of red air eau -- arrows, but up big so far in 2012. tracy: everything, right, is being hit by this whole fiscal cliff worry. sandra smith, thank you very much. all right, veterans returning from iraq and afghanistan face a new mission, probably a harder one at this point, finding a job in this ridiculously tough labor market. jpmorgan chase and dozens of other companies are pledging to help. their goal is to hire 100,000 veterans by 2020. joining us now, maureen casey, managing director of the office of military and veterans affair, and ryan enrique at jpmorgan who served in the u.s. marine corps

for six years. so thrilled to have you both here on veterans day. maureen, let's start with you. why do this? why -- because you're up to 82 companies now that are participating. >> actually, 83 last week. tracy: excellent. 83 companies participating in this mission to hire all these vets. what makes a vet a great hire? >> so what we believe makes a vet a great hire is a set of tangible and intangible skills. those intangibles that we hear about -- mission focus, leadership, teamwork -- and then there's a lot of tangible skills that do translate into the private sector; technology, computer-type skills, project management skills, operations, logistics. a lot of those kinds of skills that will translate into the private sector. and we believe at jpmorgan chase, our leadership believed last year when we formed the 100,000 jobs mission that we needed to step up to the plate and help these service members make an easier transition -- tracy: if nothing else, ryan, i know you're going to show up on time.

you've got ha going for you. and you have this technical background, right? as a technical project manager, were you involve inside technical things out in the field? >> yes. in the moo lean corps i was sergeant and equipment operator, so we managed the convoys from point a to point b to support the front lines. not necessarily technical, but we operated vehicles, we also operated some very serious technological weapons. so that directly relates to what i do now. it's more the concept. if you can apply what you've learned directly to the business world, which i do today. tracy: so he's an ideal candidate. yet we were just talking about how vets, post-9/11 vets are having a really tough time finding jobs. why is that? >> well, i think that we in the private sector whether you're a large business like jpmorgan chase or a small business, we need to take a little extra time to understand the skills that they bring to the table and how we help them to fit into our organizations. and it's our belief that if we spend a little bit more time on

the front end, we're going to have a great employee for the long term. tracy: ryan, do you think there's a stigma with vets though? whatever, shellshocked, they've seen too much, they get nest too easily? -- nervous too easily? why do you think it is? >> there's two stigmas. some can relate to it, some don't. and there's a very big gap between the military world and the civilian world. tracy: right. >> what the veterans have to do is identify their own gaps and weaknesses, what they need to learn in order to transition, but also the civilians have to understand that there are gaps that need to -- tracy: yes. everyone has to come together on this. maureen, i only have a few seconds. if there are vets out there today looking far job, how do they get in touch? >> first, if you're interested in jpmorgan chase go, to chasemilitary.com or go to the 100,000 jobs mission web site. tracy: you help them find housing and everything, right? >> yes, we do. tracy: great stuff.

ryan, congratulations. >> thank you. tracy: good stuff. maureen, thank you very much. all right, well, striking workers could lead to a twinkie shortage. say it isn't so, my son mourning in his milk right now.3 will hostess brands be forced to lick by gate? -- liquidate? the ceo is live next as liz claman takes us through the last hour of trading. "countdown to the closing bell" is next. [ male announcer ] where do you turn for lal matters?

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>> hello everybody. i'm cheryl casone in for liz claman. it is the last hour of trading. the countdown to the closing bell begins right now. trading volume very light today as expected on this veterans day holiday. here's what you node to know. -- here's what you need to